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Belvedere Trading LLC — 13F Holdings & Portfolio

CIK 1632341 · latest 13F-HR filed 2026-05-12

Backtest portfolio

Belvedere Trading LLC manages $84.44B in 13F-reported U.S. long-equity assets across 731 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (20.11%), SPY (20.05%), ES (17.51%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 126 new positions, exited 156, added to 44, and trimmed 51.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM

$84.44B

Long-equity book

Holdings

731

Distinct positions

Period

2026-03-31

Filed 2026-05-12

Q/Q Activity

+126 / −156 / ↑44 / ↓51

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • STATE STR SPDR S&P 500 ETF T TR$163.4M +1111.5%
  • NVIDIA CORPORATION$135.4M +475.5%
  • ISHARES BITCOIN TRUST ETF SHS$15.0M +43.9%
  • STRATEGY INC CL$13.6M +54.0%
  • ISHARES$11.4M +84.0%
Show all 44 →

Top Trims

  • ADVANCED MICRO DEVICES INC-$32.1M -69.9%
  • WESTERN DIGITAL CORP-$13.9M -98.8%
  • PALANTIR TECHNOLOGIES INC-$12.3M -61.0%
  • KRANESHARES TRUST CSI-$7.1M -89.3%
  • DIREXION SHARES ETF TRUST DAILY-$6.5M -95.6%
Show all 51 →

New Positions

  • META PLATFORMS INC$84.7M
  • DIREXION SHARES$4.0M
  • DIREXION SHARES$4.0M
  • ISHARES TR U.S.$2.0M
  • DIREXION SHARES ETF TRUST DAILY$1.9M
Show all 126 →

Exited Positions

  • INVESCO QQQ TR UNIT$52.6M
  • SUPER MICRO COMPUTER INC$36.7M
  • BROADCOM INC$30.6M
  • DIREXION SHS ETF TR DL FTSE$7.0M
  • ALIBABA GROUP HLDG$6.2M
Show all 156 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T TR Call SPY 78462F103 $16.98B 20.11% 26,107,700 SH
2 STATE STR SPDR S&P 500 ETF T TR Put SPY 78462F103 $16.93B 20.05% 26,031,800 SH
3 EVERSOURCE ENERGY Put ES 30040W108 $14.78B 17.51% 2,222,000 SH
4 EVERSOURCE ENERGY Call ES 30040W108 $3.89B 4.61% 585,950 SH
5 INVESCO QQQ TR UNIT Call QQQ 46090E103 $3.89B 4.61% 6,743,600 SH
6 TESLA INC Put TSLA 88160R101 $3.63B 4.29% 9,754,100 SH
7 NVIDIA CORPORATION Put NVDA 67066G104 $3.38B 4.00% 19,352,100 SH
8 NVIDIA CORPORATION Call NVDA 67066G104 $3.26B 3.87% 18,720,400 SH
9 INVESCO QQQ TR UNIT Put QQQ 46090E103 $3.23B 3.83% 5,602,900 SH
10 TESLA INC Call TSLA 88160R101 $3.13B 3.71% 8,430,900 SH
11 ISHARES Put IWM 464287655 $880.5M 1.04% 3,550,600 SH
12 VANECK Put SMH 92189F676 $819.6M 0.97% 2,137,600 SH
13 META PLATFORMS INC Call META 30303M102 $690.4M 0.82% 1,206,700 SH
14 SPDR GOLD TR GOLD Call GLD 78463V107 $636.4M 0.75% 1,479,100 SH
15 VANECK Call SMH 92189F676 $571.9M 0.68% 1,491,600 SH
16 SPDR GOLD TR GOLD Put GLD 78463V107 $565.0M 0.67% 1,313,100 SH
17 APPLE INC Call AAPL 037833100 $530.5M 0.63% 2,090,400 SH
18 META PLATFORMS INC Put META 30303M102 $524.3M 0.62% 916,400 SH
19 ISHARES Call IWM 464287655 $507.5M 0.60% 2,046,500 SH
20 APPLE INC Put AAPL 037833100 $502.2M 0.59% 1,978,900 SH
21 BROADCOM INC Put AVGO 11135F101 $435.1M 0.52% 1,405,900 SH
22 AMAZON COM INC Call AMZN 023135106 $427.0M 0.51% 2,050,000 SH
23 ADVANCED MICRO DEVICES INC Put AMD 007903107 $385.1M 0.46% 1,893,100 SH
24 ADVANCED MICRO DEVICES INC Call AMD 007903107 $361.9M 0.43% 1,779,100 SH
25 BROADCOM INC Call AVGO 11135F101 $346.5M 0.41% 1,119,400 SH
26 AMAZON COM INC Put AMZN 023135106 $316.1M 0.37% 1,517,900 SH
27 PALANTIR TECHNOLOGIES INC Put PLTR 69608A108 $285.8M 0.34% 1,954,100 SH
28 ISHARES SILVER TR Call SLV 46428Q109 $238.7M 0.28% 3,503,000 SH
29 PALANTIR TECHNOLOGIES INC Call PLTR 69608A108 $219.2M 0.26% 1,498,300 SH
30 STRATEGY INC CL Put MSTR 594972408 $191.6M 0.23% 1,535,300 SH
31 STRATEGY INC CL Call MSTR 594972408 $178.3M 0.21% 1,429,000 SH
32 STATE STR SPDR S&P 500 ETF T TR SPY 78462F103 $178.1M 0.21% 273,804 SH
33 ISHARES SILVER TR Put SLV 46428Q109 $174.1M 0.21% 2,554,700 SH
34 NVIDIA CORPORATION NVDA 67066G104 $163.8M 0.19% 939,419 SH
35 ISHARES BITCOIN TRUST ETF SHS Call IBIT 46438F101 $145.1M 0.17% 3,775,600 SH
36 ISHARES BITCOIN TRUST ETF SHS Put IBIT 46438F101 $128.9M 0.15% 3,354,800 SH
37 SUPER MICRO COMPUTER INC Call SMCI 86800U302 $86.1M 0.10% 3,782,800 SH
38 META PLATFORMS INC META 30303M102 $84.7M 0.10% 148,050 SH
39 SUPER MICRO COMPUTER INC Put SMCI 86800U302 $56.0M 0.07% 2,460,300 SH
40 ISHARES BITCOIN TRUST ETF SHS IBIT 46438F101 $49.0M 0.06% 1,275,474 SH
41 STRATEGY INC CL MSTR 594972408 $38.8M 0.05% 310,773 SH
42 SPDR GOLD TR GOLD GLD 78463V107 $33.7M 0.04% 78,301 SH
43 RENTOKIL INITIAL Put RTO 760125104 $30.5M 0.04% 12,050 SH
44 SANDISK CORP Put SNDK 80004C200 $25.5M 0.03% 40,200 SH
45 MARQETA INC CLASS A Put MQ 57142B104 $25.4M 0.03% 1,064 SH
46 ISHARES IWM 464287655 $25.0M 0.03% 100,877 SH
47 SPROTT FDS SLVR 85208P873 $22.4M 0.03% 378,924 SH
48 MARQETA INC CLASS A Call MQ 57142B104 $18.5M 0.02% 772 SH
49 ISHARES SILVER TR SLV 46428Q109 $16.4M 0.02% 241,388 SH
50 ADVANCED MICRO DEVICES INC AMD 007903107 $13.8M 0.02% 67,858 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-12 $84.44B 731 0001062993-26-002538
2025-12-31 2026-02-10 $93.12B 857 0001062993-26-000726
2025-09-30 2025-10-27 $86.85B 888 0001062993-25-016293
2024-12-31 2025-01-31 $82.84B 831 0001062993-25-001338